Curlin's Part-Owners Finally Jailed for Fraud
It is a pity that the great horse Curlin USA (Smart Strike
CAN), USA Horse of the Year in 2007 and 2008, should be mentioned in every
article about his part-owners William Gallion and Shirley Cunningham
Jr, disbarred as lawyers, and their "unbridled greed" in defrauding
over 400 clients entitled to a $200 million settlement with the
manufacturer of fen-phen.
Gallion and Cunningham have been sentenced to 25 years and 20 years respectively in US federal prison without parole. They have been ordered to repay more than $127 million in restitution and $30 million to the government.
Jess Jackson bought the majority shares in Curlin, but was restricted by the court from buying Gallion and Cunningham's shares until the case was tried.
Their shares in Curlin, named after Cunningham's great-grandfather Charlie Curlin who was a slave who fought in the American Civil War, and Einstein BRA (Spend A Buck USA) will be sold to pay off the settlements.
Racing International www.racingint.com
Gallion and Cunningham have been sentenced to 25 years and 20 years respectively in US federal prison without parole. They have been ordered to repay more than $127 million in restitution and $30 million to the government.
Jess Jackson bought the majority shares in Curlin, but was restricted by the court from buying Gallion and Cunningham's shares until the case was tried.
Their shares in Curlin, named after Cunningham's great-grandfather Charlie Curlin who was a slave who fought in the American Civil War, and Einstein BRA (Spend A Buck USA) will be sold to pay off the settlements.
Racing International www.racingint.com
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